Bitbns Financial News

18.01 / 15:53

crypto market bitbns Crypto Investors ETFs expert view How can Indians invest in Bitcoin ETFs in the US? BitBNS' Gaurav Dahake answers

Gaurav Dahake, CEO, BitBNS, says “you can buy it from any exchange in India by depositing your INR and buying those tokens. You can also take the LRS or Liberalised Remittance Scheme route, where you can send up to $250,000 in a year and buy assets, which is where you can send this money to a Indian brokerage account, which would credit that money into your US brokerage account and then you can take an exposure to the ETF. Certain apps facilitate that. " What happened in the US crypto market and how did the SEC approve the ETF? Overall how many crypto ETFs are we talking about now? Gaurav Dahake: This approval came about on January 10, 2024.

01.03 / 16:11

cryptocurrency bitbns Crypto exchange BitBNS admits partial fund compromise following allegations of $7.5 million hack cover-up

Crypto exchange BitBNS’ founder Gaurav Dahake on March 1, said that some part of the firm’s funds did get compromised on February 1, 2022 but it wasn’t an abnormal scenario. This comes hours after an independent crypto scam researcher, ZachXBT, tweeted that the cryptocurrency exchange was covering up a $7.5 million hack under the guise of system maintenance.

03.02 / 15:07

cryptocurrency tds bitbns FM Sitharaman: Regulating crypto assets on agenda for upcoming G20 meet

Finance Minister Nirmala Sitharaman on February 3 said she will be looking at arriving at a global SOP (standard operating procedure) for regulating crypto assets in her upcoming G20 meeting with finance ministers and central bank governors in a much-needed clarity on the way forward for the crypto sector.

18.07 / 15:55

cryptocurrency bitbns Withdrawals Crypto investors take to Twitter over problems in cash withdrawals

A number of cryptocurrency investors have taken to social media in recent days saying they are facing challenges in withdrawing cash after some exchanges temporarily suspended currency withdrawals. Moneycontrol has seen at least half a dozen of such complaints.

14.07 / 12:17

Ethereum cryptocurrency bitbns Bitcoin Withdrawals Delays in INR withdrawals on Bitbns, users flag issues on social media

After several users complained of delays in INR withdrawals from crypto Bitbns, the cryptocurrency exchange on July 14 said in a notification on its website that the payment delays were due to issues from "relevant authorities".

13.07 / 12:41

cryptocurrency crypto token bitbns Bitbns introduces tax shield to 'avoid' TDS on SIP investments in cryptos

crypto trading platform Bitbns has announced Zero TDS on its SIP investments in cryptos. The initiative aims to remove the taxation burden from the investors, encouraging them to undertake systematic investment plans (SIP) to leverage the benefits of rupee cost averaging to counter volatility. Investors availing of SIP for a minimum period of 12 months can invest without worrying about paying the TDS. While there is no minimum tenure for redemption, Bitbns will bear the TDS for SIP investments redeemed after 12 months.

12.07 / 13:59

cryptocurrency WazirX bitbns Bitbns introduces ‘Zero TDS’ on Crypto SIP investments

In an attempt to help users circumvent TDS (Tax Deducted at Source) costs and invest long-term, Crypto exchange Bitbns on July 12 launched the Zero TDS mechanism on its SIP investments in cryptocurrency.

29.04 / 09:53

Blockchain RBI UPI bitbns Indian Indian crypto exchanges facing tough times as volumes nosedive

According to a tweet from Aditya Singh, Co-Founder of Crypto India, the major crypto trading platforms have registered a two-third in the trading volumes on their platforms. As announced in the union budget 2022, the Indian government is levying 30 per cent taxations on the gains arising from the trade of crypto assets. Many of the market players saw this move as an anti crypto stance.

27.04 / 20:01

Metaverse Meta bitbns Indian Bitbns becomes first Indian exchange to list Metaverse Token ‘TRACE’

Bitbns has listed the popular metaverse token 'TRACE' on its platform. It has become India's first crypto exchange to list this token. Belonging to Trace Network Labs, TRACE is a widely popular metaverse token used for accessorising digital avatars. It empowers network users with governance control over the protocol with exposure to the world of NFTs expanding metaverse. Bitbns hosts more than 400 cryptocurrencies on its platform. TRACE has joined as the latest addition, following comes after successfully listing several other popular metaverse tokens, including Alien World, RFOX, and DEAPcoin.

Bitbns Financial News

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